SSP Group shares jump as hedge fund Irenic reportedly explores take-private deal

Core Viewpoint - Shares of SSP Group experienced a significant increase following a report from the Financial Times indicating that activist hedge fund Irenic Capital Management is considering a potential take-private deal for the UK-listed food and beverage company [1] Group 1 - The report suggests that Irenic Capital Management is actively exploring options to take SSP Group private, which has led to a sharp rise in the company's share price [1] - The involvement of an activist hedge fund typically indicates a strategic shift or potential restructuring aimed at enhancing shareholder value [1]